I partnered with 3 other people and the guy who organized it all was a prominent (and still is) local mortgage broker.  

If you want to be generous, donate to a charitable organization you have vetted. 

Midsize organizations (500 million dollars range at that time) found it hard to manage large IBM system support costs.

You might want to hire one, though - it sounds like they might be able to help you organize a better system for keeping track of expenses.There's a lot of reasons to keep a copy of your receipts (even if just electronically).

Build your local network of contractors, lenders, agents, etc.I have bought education, and I will continue to do so, but I do that along side the organic learning here on BP and through my own practice.good luck!

You could even add each item in a "to do" list like gmail has.I'd say it doesn't really matter how you do it , just that you do track everything.If you put it in a spreadsheet you could organize it by room and you might notice if your missing something after looking at the big picture.

Keep all expenses even remotely associated with the properties organized so that you can sort out what you can deduct at the end of the year. 

If it's a larger organization, feel free to inquire about their different staff qualifications.2.

I’m not sure how to show the profit split and record this transaction.Also would it make sense to organize each partners equity account in the Chart of Accounts in the following matter?

have not done any business with them .. but quick look at their website shows NMLS registration.. so looks like a legit company to me.. find a good MLO to work with in the organization and off you go